Glendon Capital Management LP
Santa Monica, CA
$772m in 25 US stocks at the end of 30 June 2026. The top 10 are 91.0% of the money. It changed about 11.9% of the portfolio this quarter.
Value
$772m
Stocks
25
Top 10 share
91.0%
Turnover
11.9%
What changed this quarter
New
Bought for the first time this quarter.
- Azul S AAZUL0.1% of the fund
- Ardagh Metal PackagingAMBP<0.1% of the fund
Added
Bought more of a stock they already held.
- NRG EnergyNRG13.5% of the fund+24%
- Oceanfirst FinancialOCFC1.4% of the fund+96%
Cut
Sold some of their stake.
- VistraVST12.1% of the fund-7%
- StealthGasGASS4.7% of the fund-3%
- Talen EnergyTLN4.0% of the fund-69%
- Cinemark HoldingsCNK0.3% of the fund-75%
Sold out
Sold their entire stake.
Holdings
- Azul S AAZUL
- Share
- 0.1%
- Value
- $1m
- Shares
- 113,909
New
- EPR Pptys
- Share
- <0.1%
- Value
- $25,620
- Shares
- 1,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Expand EnergyEXE | 23.9% | $184m | 2,019,894 | Held |
| NRG EnergyNRG | 13.5% | $104m | 712,345 | +24% |
| Ally FinancialALLY | 12.4% | $96m | 2,083,219 | Held |
| VistraVST | 12.1% | $93m | 586,724 | -7% |
| Enact HoldingsACT | 7.7% | $59m | 1,298,718 | Held |
| Affirm HoldingsAFRM | 5.4% | $42m | 514,100 | Held |
| StealthGasGASS | 4.7% | $36m | 4,613,384 | -3% |
| WesbancoWSBC | 4.6% | $35m | 909,091 | Held |
| Talen EnergyTLN | 4.0% | $31m | 79,793 | -69% |
| Chord EnergyCHRD | 2.8% | $21m | 187,840 | Held |
| Diebold NixdorfDBD | 2.4% | $18m | 215,568 | Held |
| Beacon FinancialBBT | 1.5% | $12m | 381,184 | Held |
| Oceanfirst FinancialOCFC | 1.4% | $11m | 539,542 | +96% |
| National CineMediaNCMI | 0.8% | $6m | 1,678,903 | Held |
| NCR AtleosNATL | 0.8% | $6m | 143,500 | Held |
| Five Point HoldingsFPH | 0.8% | $6m | 1,158,162 | Held |
| TraegerCOOK | 0.4% | $3m | 37,960 | Held |
| Kilroy RealtyKRC | 0.4% | $3m | 79,449 | Held |
| Cinemark HoldingsCNK | 0.3% | $2m | 64,891 | -75% |
| Azul S AAZUL | 0.1% | $1m | 113,909 | New |
| SkinHealth SystemsSKIN | <0.1% | $441,091 | 636,954 | Held |
| Diversified EnergyDEC | <0.1% | $235,745 | 17,009 | Held |
| Ardagh Metal PackagingAMBP | <0.1% | $226,818 | 47,852 | New |
| ValarisVAL | <0.1% | $47,771 | 658 | Held |
| EPR Pptys | <0.1% | $25,620 | 1,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 57.6% since 30 June 2025.
Where the money is
Financial services33.0%
Utilities29.5%
Energy26.7%
Industrials4.8%
Technology3.6%
Real estate1.2%
Media & telecom1.1%
Health care0.1%
Other0.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.